tax accountant melbourne

Operation Underpitch smashes money laundering, tax evasion and foreign worker exploitation within the NSW and ACT construction industry

accountant melbourne

A joint investigation between the Australian Border Force (‘ABF’) and the ATO spanning almost two and a half years has led to the disruption of serious criminal behaviour by four Chinese nationals within the NSW and ACT construction industries.
A 55-year-old Chinese national this week received a criminal conviction and fine for her involvement in money laundering, tax evasion and foreign worker exploitation within the construction industry – one of four people to be successfully prosecuted under ‘Operation Underpitch’.

Operation Underpitch is an ABF-led investigation by the Serious Financial Crime Taskforce (‘SFCT’), which comprises of multiple agencies including (among others) the ABF, the ATO and ASIC.
The ABF has successfully disrupted organisers of the money laundering cohort through the execution of warrants in NSW and the ACT during 2022. Collectively, these criminals have withdrawn more than $137 million since arriving in Australia, facilitating cash payments to foreign workers being exploited in the NSW and the ACT construction industries.


ABF Commander Special Investigations Penny Spies said the diligent work sent a strong message to criminals that the ABF would continue to work side by side with law enforcement partners to stamp out these practices.
“Dishonest employers in the construction industry often pay workers in cash, meaning employees miss out on entitlements including superannuation. All workers deserve fair pay and fair treatment”, Commander Spies said.



The operation is ongoing and the ABF will continue to work collaboratively with partner agencies to address foreign worker exploitation, tax fraud, money laundering and associated criminality.
For more information on the SFCT and how to recognise the signs of financial crime visit www.ato.gov.au/SFCT. Anyone aware of foreign worker exploitation, or any suspicious or illegal immigration, visa, customs and trade activity is asked to contact www.borderwatch. gov.au.
Ref: ATO website, Media release, 20 July 2023 go goole

accountant melbourne tax agent melbourne

Related Posts

17

Apr
Chinese Post, Practice  Update

2025年雇主税务义务与税务申报指南

2025年,雇主需妥善管理若干关键税务责任,以确保合规。本指南聚焦于这些责任,涵盖重要日期及准确税务申报的实用建议。 2025年雇主税务义务指南 雇主需时刻关注税务责任,以确保合规并避免处罚。2025年的关键日期和要求包括: 对于预扣税(PAYG),雇主必须从员工支付中预扣正确数额的税款,并将这些款项支付给澳大利亚税务局(ATO)。 关于单触式工资单(STP),雇主应在2025年7月14日前完成2024/25财年的STP数据。请注意,关联收款人的截止日期可能会更晚。 养老金保障(SG)的季度截止日期为1月28日、4月28日、7月28日和10月28日。目前的SG比率为员工正常工作时间收入的11.5%,从2025年7月1日起,该比率将提高到12%。雇主必须确保按时足额支付SG至正确的养老金基金,以避免SG收费。 ATO的BAS申报提示 澳大利亚税务局(ATO)提供以下提示,帮助雇主准确提交商业活动报表(BAS): 燃油税退税变化 自2025年2月3日起,燃油税退税发生变化,从该日期起购买的燃油可获得更多的节省。为确保正确申请: 参考:澳大利亚税务局网站 如果您需要更多信息,请联系信元会计师事务所

17

Apr
English Post, Practice  Update

A Guide to Employer Tax Obligations and Tax Reporting for 2025

In 2025, employers must navigate several key tax obligations to ensure compliance. This guide provides a focused overview of these responsibilities, including critical dates and practical tips for accurate tax reporting. How to master employer obligations in 2025 Employers must stay abreast of their tax obligations to ensure compliance and avoid penalties. Key dates and requirements for 2025 include: For pay as you go (PAYG) withholding, employers must withhold the correct amount of tax from employee payments and remit these amounts to the ATO. Regarding single touch payroll (STP), employers should finalise their STP data by 14 July 2025 for the 2024/25 financial year. Note that there may be a later due date for closely held payees. Super guarantee (SG)[…]